According to DL News, FTX-affiliated fund MNNC Group raised more than $100 million after changing its name to LedgerPrime. MNNC is based in the Cayman Islands and has about 10 investors, but declined to disclose specific names. According to its SEC filings, it has raised $53 million through two funds. FTX acquired the hedge fund's parent company, Ledger Holdings, in 2021.